The robot sensor market report encompasses an in-depth analysis of the business space in question. All the growth facilitators responsible for furling the revenue scope of this industry are mentioned in the study in conjunction with the competitive and geographical trends characterizing this business. Some of the very pivotal parameters encompassed in the report fall along the lines of industry segmentation, industry ecosystem analysis, vendor matrix, and industry insights.

Driven by increasing use of industrial robots and automation in the manufacturing sector, the robot sensor market is anticipated to amass high-rise demand by 2026. Boasted for their multiple benefits like providing a reduction in operational costs and increasing production and profit margins, several companies are using robotic arms to raise productivity levels and obtain cost benefits by reducing labor workforce.

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Robots must be able to efficiently and accurately grasp objects in their surroundings to assist humans in completing household or industrial tasks. The implementation of high-resolution sensors could help robots acquire valuable tactile information and enable advanced robot manipulation capabilities.

In July 2020, a team of researchers at Facebook designed compact and affordable tactile sensor called DIGIT that can collect high-resolution images. DIGIT could help design advanced robots capable of performing a wide range of tasks involving in-hand manipulation.

In terms of the applications, the demand for sensors across domestic sector will grow at 10% CAGR through 2026. The past few years have witnessed a notable adoption of personal and domestic service robots, including vacuuming and cleaning robots, educational robots, toy robots, and assistance and elderly care robots.

Currently, manufacturers are focusing on integration of advanced features, such as machine learning, natural language processing, and voice recognition into domestic robots, which is likely to augment the demand for advanced robotic sensors.

Service robots are experiencing tremendous innovations in terms of design and architecture. These robots rely on numerous sensors to help the perform tasks efficiently in a domestic environment. Service robots captured over 30% revenue share of robot sensor market in 2019 and the segment is expected to witness a 10% CAGR through 2026.

Ultrasonic sensors are prominently used in domestic service robots to provide close range detection and 3D measurement and help them perform household tasks accurately. Ultrasonic sensors accounted for more than 10% market share in 2019 and their demand is likely to grow at a CAGR of 11% through 2026.

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Geographically speaking, the robot sensor market of Europe is projected to grow at a rate of 8% over the coming years. Rising digitalization in the manufacturing industry of Germany has fueled new demand for robotic sensors. Companies are focusing on modernizing manufacturing operations to compete against companies based in China. They are adopting advanced industrial machinery, robots and equipment. Currently, Europe makes more than 90% of agricultural robots, an effort which is likely to further fuel the demand for robot sensors.

On a global landscape, the robot sensor market consists of key players such as EPSON, FANUC, Honeywell International, Inc., Rockwell Automation, SICK AG and Keyence, among others. These firms are adopting various business strategies like investing in R&D and developing new products in order to maintain their market position.

Major Key Points from Table of Content:

Chapter 5.   Robot Sensor Market, By Product (Revenue, Shipment)

5.1.  Key trends by product

5.2.  Force / Torque sensors

5.2.1. Robot sensor market estimates and forecast, 2015 - 2026

5.3.  Vision sensors

5.3.1. Market estimates and forecast, 2015 - 2026

5.4.  Ultrasonic sensors

5.4.1. Market estimates and forecast, 2015 - 2026

5.5.  Tactile sensors

5.5.1. Market estimates and forecast, 2015 - 2026

5.6.  Laser sensors

5.6.1. Market estimates and forecast, 2015 - 2026

5.7.  Proximity sensors

5.7.1. Market estimates and forecast, 2015 - 2026

5.8.  Other sensors

5.8.1. Market estimates and forecast, 2015 - 2026

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